DOCN vs. ASAN
DOCN (DigitalOcean Holdings, Inc.) and ASAN (Asana, Inc.) are both stocks. Both are in the Technology sector — DOCN in Software - Infrastructure, ASAN in Software - Application. Over the past 5 years, DOCN returned 17.94%/yr vs -34.88%/yr for ASAN. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
DOCN vs. ASAN - Performance Comparison
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Returns By Period
In the year-to-date period, DOCN achieves a 144.18% return, which is significantly higher than ASAN's -39.31% return.
DOCN
- 1D
- -2.27%
- 1M
- -9.71%
- 6M
- 112.67%
- YTD
- 144.18%
- 1Y
- 356.49%
- 3Y*
- 34.40%
- 5Y*
- 17.94%
- 10Y*
- —
- ALL TIME*
- 21.46%
ASAN
- 1D
- 4.65%
- 1M
- 13.35%
- 6M
- -18.83%
- YTD
- -39.31%
- 1Y
- -40.61%
- 3Y*
- -30.15%
- 5Y*
- -34.88%
- 10Y*
- —
- ALL TIME*
- -18.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ASAN Asana, Inc. | $48.70M | $42.92M | $46.06M |
| $480.89M | $457.26M | $556.86M |
DOCN vs. ASAN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DOCN DigitalOcean Holdings, Inc. | 144.18% | 41.24% | -7.14% | 44.05% | -68.29% | 93.57% |
ASAN Asana, Inc. | -39.31% | -32.36% | 6.63% | 38.05% | -81.53% | 153.23% |
Correlation
The correlation between DOCN and ASAN is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2021 | 0.55 |
Over the past year, the correlation between DOCN and ASAN has dropped to 0.22 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
Fundamentals
DOCN:
$13.74B
ASAN:
$1.98B
DOCN:
$2.38
ASAN:
-$0.69
DOCN:
13.22
ASAN:
2.45
DOCN:
14.82
ASAN:
14.47
DOCN:
$948.63M
ASAN:
$808.63M
DOCN:
$554.86M
ASAN:
$715.69M
DOCN:
$373.00M
ASAN:
-$138.34M
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Return for Risk
DOCN vs. ASAN — Risk / Return Rank
DOCN
ASAN
DOCN vs. ASAN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DigitalOcean Holdings, Inc. (DOCN) and Asana, Inc. (ASAN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DOCN | ASAN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.39 | ||
| Sortino ratioReturn per unit of downside risk | +4.88 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.90 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 7.89 | -0.68 | +8.56 |
| Martin ratioReturn relative to average drawdown | 26.38 | -1.11 | +27.49 |
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Drawdowns
DOCN vs. ASAN - Drawdown Comparison
The maximum DOCN drawdown since its inception was -84.78%, smaller than the maximum ASAN drawdown of -96.17%. Use the drawdown chart below to compare losses from any high point for DOCN and ASAN.
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Drawdown Indicators
| DOCN | ASAN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.78% | -96.17% | +11.39% |
Max Drawdown (1Y)Largest decline over 1 year | -41.11% | -64.06% | +22.95% |
Max Drawdown (3Y)Largest decline over 3 years | -45.14% | -80.16% | +35.02% |
Max Drawdown (5Y)Largest decline over 5 years | -84.78% | -96.17% | +11.39% |
Current DrawdownCurrent decline from peak | -35.19% | -94.17% | +58.98% |
Average DrawdownAverage peak-to-trough decline | -58.02% | -71.18% | +13.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.28% | 38.91% | -26.63% |
Volatility
DOCN vs. ASAN - Volatility Comparison
DigitalOcean Holdings, Inc. (DOCN) has a higher volatility of 28.71% compared to Asana, Inc. (ASAN) at 21.85%. This indicates that DOCN's price experiences larger fluctuations and is considered to be riskier than ASAN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DOCN | ASAN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.71% | 21.85% | +6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 67.29% | 51.43% | +15.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.74% | 63.02% | +24.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.21% | 79.17% | -6.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.23% | 76.83% | -5.60% |
Dividends
DOCN vs. ASAN - Dividend Comparison
Neither DOCN nor ASAN has paid dividends to shareholders.
Financials
DOCN vs. ASAN - Financials Comparison
This section allows you to compare key financial metrics between DigitalOcean Holdings, Inc. and Asana, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
DOCN vs. ASAN - Profitability Comparison
DOCN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, DigitalOcean Holdings, Inc. reported a gross profit of 144.71M and revenue of 257.91M. Therefore, the gross margin over that period was 56.1%.
ASAN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Asana, Inc. reported a gross profit of 179.68M and revenue of 205.10M. Therefore, the gross margin over that period was 87.6%.
DOCN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, DigitalOcean Holdings, Inc. reported an operating income of 36.57M and revenue of 257.91M, resulting in an operating margin of 14.2%.
ASAN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Asana, Inc. reported an operating income of -15.24M and revenue of 205.10M, resulting in an operating margin of -7.4%.
DOCN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, DigitalOcean Holdings, Inc. reported a net income of 33.22M and revenue of 257.91M, resulting in a net margin of 12.9%.
ASAN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Asana, Inc. reported a net income of -14.41M and revenue of 205.10M, resulting in a net margin of -7.0%.
Frequently Asked Questions
DOCN and ASAN have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DOCN has higher volatility (28.71%) compared to ASAN (21.85%). In terms of maximum drawdown, DOCN dropped -84.78% vs ASAN's -96.17%.
DOCN currently has the higher Sharpe Ratio (3.69 vs -0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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